Kevin O’Leary says FTX crypto fallout will NOT kill crypto but the contagion and run on effects will come and are yet to be seen. In his latest interview with Coindesk, Kevin O’Leary speaks on his conversations with Sam Bankman Fried during the FTX blowup, as he was in contact with the entire management team, being a shareholder and paid spokesperson.
O’Leary speaks on how sovereign wealth funds were just hours away from potentially acquiring FTX & plugging their $8 Billion Dollar hole before regulators and SEC Chairman Gary Gensler signalled they would come down hard on the platform, scaring all potential investors away.
Make sure to stick around to the end of the video, where O’Leary speaks on why despite this entire situation, he is still extremely bullish on the asset class and this is the moment investors should start thinking about layering in.
Terence Thomas Kevin O’Leary, nicknamed “Mr. Wonderful”, is a Canadian businessman, entrepreneur, author, politician, and television presenter. From 2004 to 2014, he appeared on various Canadian television shows, including the business news programmes SqueezePlay and The Lang and O’Leary Exchange, as well as the reality television shows Dragons’ Den and Redemption Inc. In 2008, he appeared on Discovery Channel’s Project Earth. Since 2009, he has appeared on Shark Tank, the American version of Dragons’ Den.
Credits:
Kevin O’Leary: FTX Fallout ‘Does Not Kill Crypto’
CoinDesk
https://www.youtube.com/c/Coindesk/featured
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